Question 29 Chapter 4 of +2-B
Table of Contents
29. Total Assets Rs. 22,00,000; Fixed Assets Rs. 10,00,000; Capital Employed Rs.20,00,000. There were no Long-term Investments.
The solution of Question 29 Chapter 4 of +2-B: –
Fixed Assets | = | Rs. 10,00,000 |
Current Assets | = | Rs. 22,00,000 |
Current Assets | = | Total Assets – Fixed Assets |
Current Assets | = | Rs. 22,00,000 – Rs. 10,00,000 |
Current Assets | = | Rs. 12,00,000 |
Current liabilities | = | Rs. 6,00,000 |
Current liabilities | = | Total Assets + Capital Employed |
= | Rs. 22,00,000 + Rs. 20,00,000 | |
= | Rs. 2,00,000 |
Current Ratio | = | Current Assets | = | Rs.12,00,000 |
Current Liabilities | Rs.2,00,000 | |||
= | 6: 1 |
Balance Sheet: Meaning, Format & Examples
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Also, Check out the solved question of previous Chapters: –
T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)
- Chapter No. 1 – Financial Statement of Not-For-Profit Organisations
- Chapter No. 2 – Accounting for Partnership Firms – Fundamentals
- Chapter No. 3 – Goodwill: Nature and Valuation
- Chapter No. 4 – Change in Profit-Sharing Ratio Among the Existing Partners
- Chapter No. 5 – Admission of a Partner
- Chapter No. 6 – Retirement/Death of a Partner
- Chapter No. 7 – Dissolution of a Partnership Firm
T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)
- Chapter No. 8 – Company Accounts – Accounting for Share Capital
- Chapter No. 9 – Company Accounts – Issue of Debentures
- Chapter No. 10 – Redemption of Debentures
T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)
- Chapter No. 1 – Financial Statements of a Company
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis – Comparative Statements and Common- Size Statements
- Chapter No. 4 – Accounting Ratios
- Chapter No. 5 – Cash Flow Statement
Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication
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